|
Purpose
|
Assist with purchase/refinance
of Residential/Investment Properties, Shares and other Investment
purposes.
Assist with Finance/Refinance of business Debts, Raising Capital and
Debt Consolidation. |
|
Loan Amount
|
Minimum - $ 20,000.00
No Maximum.
|
|
Security
|
First registered
mortgage over Residential/Owner Occupied property and Residential
Investment property only.
|
|
Repayments
|
Interest Only. (called
a Permanent Revolving Credit Limit).
|
|
Interest Rate
|
6.57%.
|
|
Term
|
Maximum 30 years.
|
|
Loan to Value
Ratio
|
Maximum 80%.
|
|
Application
Fee
|
Nil
fee can apply (subject to amount of loan).
|
|
Administration
Fee
|
$12.00 monthly account
keeping fee.
|
|
Frequency
|
Weekly, Fortnightly
or monthly repayments. Interest is calculated on the outstanding
daily debt and charged monthly.
|
|
Withdrawals
|
Nil fee is charged
for withdrawals and funds are available whenever required.
|
|
Fixed Rate
|
At ant time, all
or part of the loan can be switched to a fixed rate &/or placed
on principal and interest reductions.
|
|
Split Facility
|
No Limit to separate
number of loan facilities.
|
|
|
|
